Welsh Government’s vision for credit unions set out by Minister for Communities and Tackling Poverty

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This and previous Welsh Governments are to be praised for the consistent support they have offered the credit union movement. To be fair – and this is rare praise – the UK coalition government passed important legislation that made it easier for organisations to become members of credit unions. Joined-up media campaigns, diversified financial products, online services….all these are a far cry from circa 2003-4 when I recall working alongside a credit union development officer in a Valleys local authority basically having to down tools and cease development work while the European Union ridiculously undertook an investigation into whether government support for credit unions amounted to unlawful state aid.

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